SOURCE: MindFlow Technologies, Inc.

March 03, 2005 08:00 ET

Gartner Places MindFlow in the Visionary Quadrant for Strategic Sourcing

Research Firm Praises Sourcing Modeling and Optimization Leader for Vision and Functionality

PLANO, TX -- (MARKET WIRE) -- March 3, 2005 -- MindFlow Technologies, Inc., the pioneer of Strategic Sourcing automation, today announced that leading research and advisory firm Gartner, Inc., again places MindFlow within the visionary quadrant of Gartner's annual Strategic Sourcing Applications Magic Quadrant report.

"MindFlow is pleased to place as 'Visionary' in Gartner's second Strategic Sourcing Applications Magic Quadrant report," said Jay Reddy, president and CEO of MindFlow. "Essentially, Gartner's report means that MindFlow demonstrates thought leadership, has a clear vision of market direction and is focused on executing on it. We have been able to consistently accomplish that by allowing our customer base to continually guide us toward meeting their ever-changing needs."

In its second annual report, Gartner provides an update on the strategic sourcing applications marketplace and touches on the tremendous benefits companies experience with these applications. Gartner's report states that "...analytics [is] being seen as the tool by which procurement managers become sourcing professionals." The report presents Gartner's opinions about the strengths and weaknesses of the major vendors in the marketplace.

MindFlow is uniquely positioned to help customers create more agile and nimble supply networks, support the sourcing and operations planning process, help reduce and optimize inventory, support lean manufacturing initiatives and accelerate the cash-to-cash cycle. Because CFOs are under tremendous pressure to improve margins, these business competencies become more critical. MindFlow helps companies create repeatable, sustainable savings throughout the inbound supply chain, delivering savings that may not have been otherwise apparent.

MindFlow provides on-demand, zero-footprint solutions for supply chain professionals in manufacturing, retail, process, foodservice and distribution industries. These companies use MindFlow to quickly leverage powerful cost modeling, sourcing analysis and automation technologies, together with category sourcing expertise and best practices to identify savings, prepare and execute sourcing events, and implement corporate supply chain strategies.

About the Gartner Magic Quadrant

Gartner, Inc.'s Magic Quadrant positions vendors in a particular market segment based on their vision and ability to execute that vision. According to Gartner, Inc., visionaries have a clear vision of market direction and remain focused on preparing for that, but they can still improve in terms of optimizing service delivery. The Strategic Sourcing Applications Magic Quadrant is copyrighted January 2005, by Gartner Inc. and is reused with permission. Gartner's permission to print its Magic Quadrant should not be deemed an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner's opinion and is an analytical representation of a marketplace at and for a specific time. It measures vendors against Gartner-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner Research is intended to be one of many information sources and the reader should not rely solely on the Magic Quadrant for decision-making. Gartner expressly disclaims all warranties, express or implied, of fitness of this research for a particular purpose.

About MindFlow Technologies

MindFlow Technologies helps companies save time, save money and reduce risk with leading Strategic Sourcing applications. Large and small companies accelerate inbound supply chain initiatives with MindFlow's complete sourcing automation, essential decision intelligence and deep domain, category expertise. The MindFlow Sourcing Suite™ is the premier end-to-end sourcing negotiations platform -- comprehensive spend analysis, event management, sourcing analysis, supplier development, performance reporting and sourcing compliance. In close partnership with marquee customers, MindFlow has sourced billions of dollars in direct and indirect categories and enabled many millions of dollars in cost reductions. MindFlow Technologies headquarters is located at 6504 International Parkway, Plano, Texas. For more information, visit www.mindflow.com.

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